richard, its what i was told based on the price rehab and ARV...still waiting to see if its too good to be true or not...

Hey Chris, I'm assuming your in Texas from the 'foreclosure-tx'I'm sure worse case scenario you could wait for it to become an REO and contact the listing agent. here's what or foreclosure notices look like here in Maricopa county, Arizona: http://recorder.maricopa.gov/recdocdata/UnofficialDocs.aspx?

We do plan to return prepaid rent to the estate after expenses, however we believe that we must wait for a probate judge to decide to whom the money will be paid.I'm not sure we should have allowed his daughter to remove his posessions without probate instruction, but it seemed like the thing to do at the time.Note to Minna: The death in a way has caused a bit of a clean-up challenge, along with a real concern about sanitizing the apartment for the next tenant.

If you wait until you have too much money to do ANYTHING, you'll never do it.If you start out buying and holding.... 5 - 7 years from now... you wonder about all the missed opportunities...More nonsense!

Last week my second counter offer of $345K (list price:$399K) was accepted from the bank and I returned all signed addendum to the bank. but I'm still waiting for the bank to sign from their side.

I know that if I just do, there are $5000-$10,000+ per month checks waiting for me to cash them.

Of course you will have to wait out the reclaimation period if there is one.

I typically watch for great companies and then wait for them to have a major PR nightmare , light McDonald getting sued, the feds going after MS, BP oil spill, PGE gping BK and selling at .10 / share ( now at $46 / share) .. all of these are opportunities to put your money to work.

If so, you better be willing to wait more than a month.

I think that most of the bad earnings news are already reported as the companies that lost their shirt with bad investments have already reports bad earnings once or twice.You can say what you want about the dollar, but all the more reason for money on the sidelines to own assets instead of waiting around longer.